#USA #Charlotte #Columbus McKinnon #Kito Crosby #Q2 FY27

Columbus McKinnon Corporation Reports Impressive Growth in Q2 FY27

Columbus McKinnon Corporation (CMCO) has announced remarkable financial results for the second quarter of its fiscal year 2027, concluding on September 30, 2026. The company achieved a staggering 107% year-over-year increase in net sales, reaching $539.3 million. This surge is primarily attributed to the successful acquisition of Kito Crosby Limited, which was concluded in February 2026. The company's order growth also saw an impressive 122%.

In a statement, David J. Wilson, President and CEO of CMCO, emphasized that the integration with Kito Crosby is progressing as planned, leading to stronger operational performance and an improved customer experience. This growth was bolstered by high demand across all regions, particularly in the Americas, Asia, and Europe, the Middle East, and Africa (EMEA).

Key Highlights of Q2 FY27

• - Net Sales: Increased by 107% to $539.3 million compared to $261 million in the same quarter last year.
• - Orders: Grew by 122%, with a book-to-bill ratio of 1.0x, indicating a healthy conversion of orders into revenues.
• - Adjusted EBITDA: Reported at $111.2 million, reflecting a robust adjusted EBITDA margin of 20.6%.
• - Adjusted Net Income: Increased by 74% to $31.1 million, showcasing the company's operational efficiency despite a net loss due to acquisition-related costs.

Wilson noted that the strong second quarter performance surpassed expectations, and with a continued focus on execution and collaboration across the newly combined organization, CMCO is well-positioned to leverage growth opportunities that arise from this merger.

Despite the increase in sales and strong order growth, CMCO reported a net loss of $25.5 million, primarily due to $12.5 million in acquisition and integration expenses. Nevertheless, the company's adjusted earnings per share (EPS) remained at an impressive $0.61, only slightly down from $0.62, largely due to a higher share count and increased interest expenses.

Full-Year 2027 Guidance Updated

Building on its strong Q2 performance, CMCO has revised its full-year guidance, reflecting confidence in sustaining momentum through the remainder of the fiscal year. The updated guidance is:

• - Net Sales: Expected to be between $2.13 billion to $2.17 billion, up from the previous estimate of $2.09 billion to $2.15 billion.
• - Adjusted EBITDA: Forecasted to be between $425 million to $440 million, increased from $405 million to $420 million.
• - Adjusted EPS: Anticipated to range from $2.00 to $2.15, up from $1.90 to $2.10.

According to John Linker, Executive Vice President and Chief Financial Officer, the revised outlook is a direct result of the solid performance exhibited in the first half of FY27 and an indication of the company's capability to execute its strategic priorities efficiently.

The successful performance of CMCO in this quarter is not solely tied to the acquisition; its legacy components also showed promising growth. The legacy CMCO net sales grew by 5.3%, supported by favorable pricing and volume increases.

Conclusion

CMCO's remarkable growth in Q2 FY27, coupled with strategic integration efforts and a bullish full-year forecast, reflects the company's robust position in the market. As it forges ahead with its mission to provide advanced intelligent motion solutions, CMCO appears well-equipped to meet demands and navigate the diverse landscapes of the material handling industry, reinforcing its vision for a safer and more efficient future.

For more detailed financial insights and future updates, CMCO invites stakeholders to join the upcoming conference call scheduled for today at 8:00 AM ET, accessible via its investor relations website.